SHFE #1 Lead Price Movement on Aug. 5, 2011

Aug 5, 2011 16:45

SHFE lead prices opened lower today, then soon slid RMB 815/mt within ten minutes, and later rallied to the moving average.

SHANGHAI, Aug. 5 (SMM)--SHFE lead prices opened lower today, then soon slid RMB 815/mt within ten minutes, and later rallied to the moving average. In this context, a wait-and-see sentiment dominated the market. Domestic well-known brand Nanfang was quoted between RMB 16,000-16,050/mt, with discounts further narrowing to negative RMB 250-300/mt against SHFE 1109 lead contract prices. Offers of other brands such as Baiyin and Jianghan were around RMB 15,950/mt.

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

SHFE lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SHFE #1 Lead Price Movement on Aug. 5, 2011

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025